Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative expense

Transaction and integration expenses

Special charges

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

McCormick

McCormick & Co., Inc. is engaged in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment operates by selling to retail channels, including grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce through the following brands: McCormick, French's, Frank's RedHot, Lawry's, Zatarain's, Simply Asia, Thai Kitchen, Ducros, Vahine, Schwartz, Club House, Kamis, Kohinoor, and DaQiao. The Flavour Solutions segment sells to food manufacturers and the foodservice industry both directly and indirectly through distributors, except for its businesses in China and India. The company was founded by Willoughby M. McCormick in 1889 and is headquartered in Baltimore, MD.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

McCormick projects sales growth and margin expansion despite challenges

McCormick acknowledges a challenging year but expresses confidence in the outlook for 2023. Strong consumer demand and cost savings programs expected to offset challenges. Pricing strategy and new product lines driving growth and attracting new consumers.

McCormick reports solid Q1 results, focuses on innovation and growth

McCormick's Q1 2023 performance showcased sales growth, steady operating income, and improved gross margins, despite challenges in certain regions and increased expenses.
The company's strengths lie in the success of Flavor Solutions and Consumer segments, with opportunities in innovation, sales growth, and debt reduction strategies.
Challenges include flat volume outlook, higher expenses, and regional disruptions, but McCormick remains focused on driving long-term value for shareholders.
Overall, McCormick's strategic focus on innovation, cost optimization, and market trends positions them well for sustainable growth and profitability in 2023.

McCormick reports robust Q2 results, eyes margin expansion and growth

McCormick's Q2 performance showcased strong financial results, with a focus on margin expansion and growth in key segments. Despite challenges in China and certain business exits, the company remains optimistic about future opportunities and growth prospects.

McCormick reports strong Q3 earnings amidst China challenges and growth opportunities

McCormick's Q3 earnings call highlighted strong performance and sustained demand for flavor products. Despite challenges in China and market share pressures, the company remains focused on innovation, efficiency, and margin improvement. Opportunities for growth exist through delveraging, M&A, and continued distribution gains.

McCormick reports Q4 sales growth and margin expansion, faces margin challenges

McCormick's Q4 performance showed sales growth and margin expansion, with a focus on volume-led growth and brand investments. Challenges include consumer behavior shifts and margin pressures in Flavor Solutions, but opportunities lie in investments and margin improvement strategies.

McCormick reports 2% sales growth in Q1 2024 earnings

McCormick's Q1 performance showed sales growth driven by pricing actions, with volume improvements in key segments.
The company faces challenges in certain product categories but is focused on driving volume improvement and gross margin expansion.
Opportunities lie in strengthening the China business, activating price gap management efforts, and leveraging successful product strategies.
Overall, McCormick's financial outlook for 2024 remains positive, with expectations of continued sales growth and earnings increase.

McCormick Q2 2024: Sales Dip, Innovation Drives Growth

McCormick's Q2 2024 earnings reflected a slight sales decline, countered by strategic innovations and market adaptations. With a management transition on the horizon and a confident outlook towards achieving its 2024 financial goals, McCormick is poised to leverage consumer trends and new product lines to drive future growth.

McCormick meets Q3 expectations, eyes growth through key investments

McCormick's Q3 showcased success in key segments, with a focus on driving top-line growth through various levers. Despite challenges in cash flow and certain regions, the company remains optimistic about its outlook for 2024.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

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EBITDA

Net income

Earnings per share

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Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

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Current liabilities

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Non-current liabilities

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Total equity

Stockholders equity

Minority interest

Total liabilities & equity

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Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

McCormick & Co., Inc. engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces. The Flavor Solutions segment includes seasoning blends, spices and herbs, condiments, coating systems, and compound flavors. The company was founded by Willoughby M. McCormick in 1889 and is headquartered in Baltimore, MD.

Kellogg

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That's good news for the spice and flavorings giant's growth outlook.

McCormick Says Consumers Are Forming New Home-Cooking Habits

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McCormick (MKC) is on track with the CCI program to boost savings. However, sluggish performance in its Flavor Solution Unit is a concern.

McCormick (MKC) Looks Poised on High Demand, Saving Efforts

Sales are still rising as consumers build new cook-at-home habits.

McCormick's Stock Split Isn't the Best Reason to Like the Company

One of the beneficiaries of the Covid-19 pandemic and the resulting closure of dine-in restaurants has been packaged food companies. Consumers were forced to eat at home much more than usual, allowing packaged food companies the opportunity to gain and keep new customers.

McCormick's Momentum Continues

McCormick & Co. (NYSE:MKC) released the results for its third quarter of fiscal 2020, which ended Aug. 31, before the market opened on Sept. 29. Both earnings and revenue surpassed Wall Street's expectations as the coronavirus pandemic boosted customer demand for packaged food.

McCormick Tops 3rd-Quarter Earnings and Revenue Expectations

"We've gained market share in most of our categories, and this isn't just a U.S. phenomena. This is happening around the world.

The home cooking trend is 'becoming a habit,' says CEO of spice maker McCormick

Investors didn't react to a stock split announcement in the usual way Tuesday. That's probably a good thing.

Stock-Split Fever Cools as Stock Markets Sink Slightly

McCormick: Is the Pullback Over?

McCormick & Company, Incorporated (MKC) CEO Lawrence Kurzius on Q3 2020 Results - Earnings Call Transcript

The company reinstates forward guidance after another successful quarter in a year marked by the COVID-19 pandemic.

McCormick's Consumer Business Continues to Outperform

Sales should grow by at least 6% this fiscal year, management announced.

McCormick Says It Is Splitting Its Stock After Another Strong Sales Performance

McCormick earnings on Tuesday morning have MKC stock lower despite the company beating Wall Street estimates and issuing a stock split.
The post McCormick Earnings: MKC Stock Drops 4% Despite Q3 Beats, Stock Split appeared first on InvestorPlace.

McCormick Earnings: MKC Stock Drops 4% Despite Q3 Beats, Stock Split

McCormick & Co. (NYSE: MKC) reported its second-quarter financial results before the markets opened on Tuesday. The food company said that it had $1.53 in earnings per share (EPS) and $1.43 billion in revenue, while consensus estimates had called for $1.52 in EPS and revenue of $1.39 billion.

McCormick Announces Stock Split and Earnings Beat

McCormick & Co. Inc. (NYSE: MKC) published its earnings report for the fiscal third quarter on Tuesday that came in better than what the experts had forecast. The company announced a stock split (2 for 1) and reinstated its guidance for the full year on the back of robust demand amidst the Coronavirus pandemic that continued to make people dine at home.

McCormick tops Wall Street estimates for earnings and revenue in Q3

Shares of McCormick & Co (NYSE:MKC) moved higher by 0.3% in pre-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share were up 4.79% year over year to $1.53, which beat the estimate of $1.52.

McCormick: Q3 Earnings Insights

McCormick & Co. Inc. 
        MKC, 
        +1.88% 
       posted better-than-expected earnings for its fiscal third quarter, resumed guidance and announced a 2-for-1 stock split, saying it is still benefiting from dining at home during the pandemic. The Hunt Valley, Md.

UPDATE: McCormick beats third-quarter estimates, resumes guidance and unveils 2-for-1 stock split

HUNT VALLEY, Md., Sept. 29, 2020 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the third quarter ended August 31, 2020. Sales rose 8% in the third quarter from the year-ago period. In constant currency, the...

McCormick Reports Strong Third Quarter Results, Provides 2020 Outlook And Announces 2-For-1 Stock Split

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McCormick's (MKC) third-quarter fiscal 2020 results are likely to reflect strength in the Consumer Business unit, though the Flavor Solutions unit has been seeing soft pandemic-led demand.

All You Need to Note Before McCormick's (MKC) Q3 Earnings

The spice giant is set to announce its latest earnings results on Tuesday.

McCormick Earnings Preview: The Trends to Watch

HUNT VALLEY, Md., Sept. 22, 2020 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) today declared a quarterly dividend of $0.62 per share on its common stocks, payable October 19, 2020 to shareholders of record October 5, 2020. McCormick's current...

McCormick Declares $0.62 Quarterly Dividend

McCormick (MKC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

McCormick (MKC) Reports Next Week: Wall Street Expects Earnings Growth

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News for McCormick Stock (MKC)